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(Kitco News) - Being bullish on the metals has been painful; there has been a dramatic drop off in interest as these markets have mostly drifted or got pounded lower. We were and still are bullish but our line in the sand comes right here in the $1,220 area in gold (puking out under $1,200) and the $16.00 level in silver (trading at $15.98, puking out at $15.70).

The metals story has been very conflicted with the weight on the dollar and the support levels the metals had the weakness is surprising. As traders and investors, we have to always remember the market is always right, if Metals don’t hold here, down they will go.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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